Wilmington University Inc: $123.9M Revenue, $121.4M Expenses
New Castle, Delaware · EIN 510107088 · Filing year 2023
Wilmington University Inc reported $123.9M in total revenue, $121.4M in total expenses, and $357.3M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.2M (2.55% of revenue). NonprofitTruth efficiency grade: C (59/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $123.9M
- Total Expenses
- $121.4M
- Total Assets
- $357.3M
- Reserve Months
- 35.3 months
- Surplus / (Deficit)
- $2.5M
- EIN
- 510107088
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $3.2M
- Officer Comp % of Revenue
- 2.55%
Wilmington University Inc earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 59/100.
Wilmington University Inc is a large nonprofit by U.S. standards: $123.9M in 2023 revenue against $121.4M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Wilmington University Inc holds a moderate reserve position relative to its $121.4M in annual expenses — neither fragile nor a large surplus.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. Compensation for current officers and key employees runs $3.2M against $123.9M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. In the Education category, Wilmington University Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.
How Wilmington University Inc Compares
Wilmington University Inc earns a NonprofitTruth efficiency grade of C (59/100). That is 5 points below the Education category average. Compensation for current officers and key employees represents 2.55% of total revenue. The organization holds 35.3 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Wilmington University Inc reported $123.9M in revenue against $121.4M in total functional expenses for filing year 2023, holding roughly 35.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $3.2M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.55% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Wilmington University Inc has a NonprofitTruth Efficiency Score of C (59/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Wilmington University Inc, Donor FAQ
Wilmington University Inc has a NonprofitTruth Efficiency Score of C (59/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Wilmington University Inc reports $3.2M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.55% of the organization's $123.9M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Wilmington University Inc reported $123.9M in annual revenue and $121.4M in total expenses for filing year 2023. The organization holds $357.3M in total assets.
Wilmington University Inc holds approximately 35.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Wilmington University Inc is a registered 501(c) organization with EIN 510107088, based in New Castle, Delaware. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.